•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Kirsten Bischoff, Opalesque New York:

On Tuesday, hedge fund service provider AlphaMetrix announced the launch of what it termed “the world’s first multi-administrator managed account platform”, which CEO Aleks Kins hopes will “revolutionize hedge fund investing.” Simultaneous to this, the firm also announced its acquisition of Spectrum Global Fund Administration, which will allow AlphaMetrix to offer the newly formed AlphaMetrix360 administrator services on what the multi-administrator managed account platform.

Opalesque has learned that the multi-administrator platform will allow investors to select one of at least eight administrators to provide the administration services for their managed account investments on the AlphaMetrix platform. In addition to newly formed AlphaMetrix360, the choices include at least 4 “Top 25” administrators.

Managed accounts were one area of the hedge fund industry to actually benefit from the fallout of the financial crisis and the multiple uncovered hedge fund industry frauds. However, as investor interest in managed accounts surged, some investors realized they had not adequately judged the necessary costs and operational requirements for overseeing the operational risk involved in this type of investment account.

Managed acc......................

To view our full article Click here